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Subject: Con someone explain the "soft reserve" concept to me? rss

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Armand
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There's an auction up right now ( http://boardgamegeek.com/geeklist/122813/item/2026768?commen... ) with soft reserves for multiple items that are higher than prices listed in the marketplace for copies of the game in the same condition.

To my mind that's saying, "I won't actually sell my game unless I'm sure you're paying more for it than you could elsewhere".

People bid in auctions in the hope of getting a good deal (paying below market value). Sellers list in auctions to move items for the best price they can get. Sometimes a bidding war will erupt and people will pay more than they could elsewhere, but it seems pretty odd to try to set that as a condition before the fact, doesn't it?

Am I missing something?
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brian
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doctoryes0 wrote:
Am I missing something?

Let's see how many of those actually sell. With the "soft" part, he could sell if it is less than what is in the marketplace. He is just prtotecting himself if it doesn't get that high.
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BoardGameGeek » Forums » Introduction » New User Questions
Re: Con someone explain the "soft reserve" concept to me?
doctoryes0 wrote:
There's an auction up right now ( http://boardgamegeek.com/geeklist/122813/item/2026768?commen... ) with soft reserves for multiple items that are higher than prices listed in the marketplace for copies of the game in the same condition.

To my mind that's saying, "I won't actually sell my game unless I'm sure you're paying more for it than you could elsewhere".

People bid in auctions in the hope of getting a good deal (paying below market value). Sellers list in auctions to move items for the best price they can get. Sometimes a bidding war will erupt and people will pay more than they could elsewhere, but it seems pretty odd to try to set that as a condition before the fact, doesn't it?

Am I missing something?


I don't want to speak for that person (and I didn't look at the list), but if that's not the case for every item, it could be a combined shipping thing. If you've got X games you actively want to get rid of, and Y games you wouldn't mind getting some money for but aren't anxious, you might put them up just to test the waters. If someone gets a bargain on one game, that might make a price that's not great more attractive on another one if the shipping cost wouldn't change.

People sell and buy things for all variety of reasons. I've purchased games above market value in auctions before simply because it was only a few bucks difference and I wanted to support what they said they were going to use the money for.
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I coined the "soft reserve" term and was the first to put it into an auction (check out the oldest geeklist with that term), since I like to try a different twist each time.

Looks like it caught on like wildfire...
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Tall_Walt wrote:
The concept of any open (not sealed bid) auction is to get the bidders so involved and invested in "winning" the auction that they pay too much. (Is it a "win" if you pay too much? I'd say, no.) A true reserve is an honest, "I'm not willing to take less than $X. A soft reserve is, "(I've set the reserve to what I think I can con people into.) But I'd like to hear non-binding bids below the soft reserve." The soft reserve isn't necessarily dishonest, but it at least implies the seller is unsure about how little he'll take.


If the seller suspects that they may, or may not, depending on; the weather, current level of conflict in marriage, mood of boss at work, prospect of large redundancy payout, luck at the races, final cost of car repairs, absence of cold or flu, feeling some connection with buyer, sense of immanent destruction of planet, today's stocks of favoured political party, or mere whim, sell for less than the stated reserve they can signal this by having a "soft reserve".

I agree that the seller is signalling that they are unsure about how little they'll take.
But I see this as honesty and transparency in action.
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selwyth wrote:
I coined the "soft reserve" term and was the first to put it into an auction (check out the oldest geeklist with that term), since I like to try a different twist each time.

Looks like it caught on like wildfire...


You're an innovator. I'm titillated by the possibilities of unregulated auctions on a boardgaming site - a site where some people hold and participate in dozens of different types of auctions, dozens of times a day, for fun. In fact, the auctions are, as often as not, for auction games. Then the winners write elaborate critiques of the auctions in those games, posting them for each other.

I've got a number of different things I want to auction off, and I've been thinking about different rules I could use. Maybe even breaking it up into multiple auctions (so I could play auctioneer a bunch of times.)
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lotus dweller
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pharmakon wrote:
selwyth wrote:
I coined the "soft reserve" term and was the first to put it into an auction (check out the oldest geeklist with that term), since I like to try a different twist each time.

Looks like it caught on like wildfire...


You're an innovator. I'm titillated by the possibilities of unregulated auctions on a boardgaming site - a site where some people hold and participate in dozens of different types of auctions, dozens of times a day, for fun. In fact, the auctions are, as often as not, for auction games. Then the winners write elaborate critiques of the auctions in those games, posting them for each other.

I've got a number of different things I want to auction off, and I've been thinking about different rules I could use. Maybe even breaking it up into multiple auctions (so I could play auctioneer a bunch of times.)
Pawn by pawn, card by card, box lid then box bottom? This might work well if all the auctions for one game ended at the same time. Then if someone had put in bids for the whole game and someone else bid high for a replacement piece ...
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Travis Worthington
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curtc wrote:
In many live auctions (or at least ones I've been to), there is a reserve, but it's totally hidden, even that there is a reserve. The auctioneer merely says that the winning bid is too low, and the item won't sell, and then moves on to the next item.


In many cases of this, the seller can change their mind if the bidding is under their reserve and accept the high bid, in which case the high bidder as option to accept.

So this similar to the soft reserve concept here (but makes more sense in a live auction.)
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Travis Worthington
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doctoryes0 wrote:
There's an auction up right now ( http://boardgamegeek.com/geeklist/122813/item/2026768?commen... ) with soft reserves for multiple items that are higher than prices listed in the marketplace for copies of the game in the same condition.

To my mind that's saying, "I won't actually sell my game unless I'm sure you're paying more for it than you could elsewhere".

People bid in auctions in the hope of getting a good deal (paying below market value). Sellers list in auctions to move items for the best price they can get. Sometimes a bidding war will erupt and people will pay more than they could elsewhere, but it seems pretty odd to try to set that as a condition before the fact, doesn't it?

Am I missing something?


on eBay it is pretty routine for people to pay more in a bidding war than they could get the same item for on Amazon (usually people ignore shipping costs until too late).
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There must have been a moment at the beginning, where we could have said no. Somehow we missed it. Well, we'll know better next time.
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selwyth wrote:
I coined the "soft reserve" term and was the first to put it into an auction (check out the oldest geeklist with that term), since I like to try a different twist each time.

Looks like it caught on like wildfire...


Awesome, now I finally know whose name to curse before I go to sleep every night.
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James Wahl
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Pinook wrote:
pharmakon wrote:
selwyth wrote:
I coined the "soft reserve" term and was the first to put it into an auction (check out the oldest geeklist with that term), since I like to try a different twist each time.

Looks like it caught on like wildfire...


You're an innovator. I'm titillated by the possibilities of unregulated auctions on a boardgaming site - a site where some people hold and participate in dozens of different types of auctions, dozens of times a day, for fun. In fact, the auctions are, as often as not, for auction games. Then the winners write elaborate critiques of the auctions in those games, posting them for each other.

I've got a number of different things I want to auction off, and I've been thinking about different rules I could use. Maybe even breaking it up into multiple auctions (so I could play auctioneer a bunch of times.)
Pawn by pawn, card by card, box lid then box bottom? This might work well if all the auctions for one game ended at the same time. Then if someone had put in bids for the whole game and someone else bid high for a replacement piece ...


Nothing wrong with a little experimental thinking I actually need to auction a bunch (not that many) things off - a few strange wargames that I thrifted (that are common enough in the marketplace), and 9 copies of The Big Time! in shrink from PnP Productions, w/permission to resell from Holmes!. Don't ask, I really like the game...

I recently got a really good job, and don't really care about any money that the games would be worth. Would it be fun if I had a contest for a set of excellent auction rules, possibly also utilizing thumbs, dice rolls, and whatever else can be found on a geeklist? The prize could be one of the copies of The Big Time!, post-paid...
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Scott Hill
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It seems to me it's just the same as saying "I want $X or nearest acceptable offer".
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James Wahl
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Scorpion0x17 wrote:
It seems to me it's just the same as saying "I want $X or nearest acceptable offer".

It's not, though. It's saying that a bid at $X or above will obligate the seller to sell. Below that there's going to be a bit of suspense for the winning bidder.
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Stoic Bird
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pharmakon wrote:
Scorpion0x17 wrote:
It seems to me it's just the same as saying "I want $X or nearest acceptable offer".

It's not, though. It's saying that a bid at $X or above will obligate the seller to sell. Below that there's going to be a bit of suspense for the winning bidder.


Right. As mentioned above, the biggest difference between BGG auctions and something like eBay is that you've got a bunch of simultaneous lots. If somebody bids $5 under the reserve, as a seller, you're going to look at that differently if your auction is going spectacularly, moderately well, or horribly. As a bidder, your bid would be refused outright under a hard reserve, and a "second chance" offer is really no different, so you benefit or at best are neutral as well.

I don't get the outrage over the concept. (Not that I'm saying the person I quoted is outraged, but I've seen some vitriol about it.)
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Scott Hill
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pharmakon wrote:
Scorpion0x17 wrote:
It seems to me it's just the same as saying "I want $X or nearest acceptable offer".

It's not, though. It's saying that a bid at $X or above will obligate the seller to sell. Below that there's going to be a bit of suspense for the winning bidder.


Highest, rather than nearest then.

Either way, what you said is what I meant.
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Nick E
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I know this thread is old, but thanks to everyone who posted in it with their interpretations of what a soft reserve is. I was worried that I was mistaken in what I thought it meant after I bid the soft reserve on an item that only listed a soft reserve and BIN price, the auction ended, and then 5 days later was told "I decided not to accept your offer."

After reading this thread, I am pretty confident I know what it is and won't create any threads to ask what a soft reserve meant.
 
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brian
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EYEL1NER wrote:
I know this thread is old, but thanks to everyone who posted in it with their interpretations of what a soft reserve is. I was worried that I was mistaken in what I thought it meant after I bid the soft reserve on an item that only listed a soft reserve and BIN price, the auction ended, and then 5 days later was told "I decided not to accept your offer."

After reading this thread, I am pretty confident I know what it is and won't create any threads to ask what a soft reserve meant.

If the soft reserve was posted and you bid that amount, you should have won the auction. I say it was in poor form by the seller to then decline it.
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Nick E
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ColtsFan76 wrote:

If the soft reserve was posted and you bid that amount, you should have won the auction.

That is the assumption that I went into bidding on games here with. I bid the soft reserve on an item and assumed I won it, because how else could a soft reserve be interpreted?
I honestly thought that my understanding of the process was wrong, but I searched "Soft Reserve" on Google and this was one of the first threads that popped up.
Glad to see that it has been discussed already.
 
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